Quant MF gets RBI nod to hike stake in RBL Bank
The Reserve Bank of India (RBI) has granted approval to Quant Mutual Fund (MF) to increase its stake in RBL Bank to 9.98% by May 12, 2025. This approval, subject to conditions and provisions under the Banking Regulation Act, 1949, was disclosed in a regulatory filing.
Quant MF, through its various schemes, currently holds 4.68% equity share capital in RBL Bank. The RBI’s approval allows Quant Money Managers Ltd to acquire an “aggregate holding” of up to 9.98% of the paid-up share capital or voting rights in RBL Bank.
The approval, granted on Monday, mandates adherence to certain conditions and provisions under the Banking Regulation Act, 1949. Quant MF is required to increase its shareholding in RBL Bank to the approved limit by May 12, 2025.
As of the latest update, RBL Bank stock was trading at Rs 246.60, reflecting a marginal increase of 0.20% on the Bombay Stock Exchange (BSE).
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Valleys are low areas of land that lie between hills or mountains. They are formed…
Sandwiches are one of the most popular foods in the world. They are simple, quick…
The Government of India has appointed Rohit Jain as the Deputy Governor of the Reserve…
The Government of India has notified the Citizenship (Amendment) Rules, 2026 and introduced the important…
The Reserve Bank of India have announced that 98.47% of ₹2,000 Indian currency notes have…